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0 sats \ 1 reply \ @Wumbo 9 Apr \ on: japanese firm Metaplanet buys BTC mirroring MicroStrategy's strategy econ
https://markets.businessinsider.com/news/currencies/metaplanet-shares-soar-as-japanese-firm-mimics-microstrategy-on-bitcoin-buying-1033232679?op=1
I am not sure I fully understand the arraignment here. Did MetaPlanet sell equity to Sora Ventures, Morgan Creek Capital's Mark Yusko and others to raise the funds for the BTC purchase?
They added BTC in their Balance Sheet and the stocks rised as it listed in the Japanese Stock Exchange.
The way they added BTC in their Balance Sheet will be clarified. Like MS some information about their BTC management is not revealed due to security reasons.
Also official information:
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